The Arbitrum airdrop is undoubtedly the biggest hot spot recently, and the secondary market is concerned with nothing more than the valuation and circulation of the project. As the date of currency issuance approaches, the discussion on the value of ARB in the market is becoming more and more heated. Recently, there have been rumors in the community that 55% of the total ARB tokens will be unlocked simultaneously during the airdrop. This rumor is based on the Token unlocking data aggregation website Token.unlocks, but is it so outrageous? After consulting relevant information, BlockBeats found that there was an obvious misunderstanding, and the official has already mentioned this in the document.

According to a Medium article published by Arbitrum on March 16《ARBITRUM: THE NEXT PHASE OF DECENTRALIZATION》image description

Text source:Arbitrum Official Medium

Data Sources:

Data Sources:first level title

Will the 42.78% ARB held by Arbitrum be used to smash the market?

However, the official documentation also introducesArbitrum DAO related charter, the charter describes the Arbitrum DAO governance structure and governance process in detail. According to the AIP-1 proposal, in order to provide ArbitrumDAO with effective governance and the ability to promote the development of the governance chain, the Arbitrum Foundation has transferred 3,527,046,079 ARBs to the DAO treasury. ArbitrumDAO will have direct on-chain governance over the DAO treasury.

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source:secondary title

Responsibilities of the Arbitrum DAO

Arbitrum DAO is a Decentralized Autonomous Organization (DAO) built on the Ethereum blockchain. At its core, Arbitrum DAO is a community-driven governance mechanism that allows ARB Token holders to propose and vote on changes to the organization and its governance mechanisms.

Arbitrum DAO's governance smart contract is implemented on the Arbitrum One summary chain, which is a Layer 2 scaling solution for Ethereum. These smart contracts include DAO's governance token, ARB. DAO members use ARB Token to vote on the Arbitrum DAO Proposal (AIP). The weight of any given voter's vote is proportional to the amount of ARB they hold (or represent).

Arbitrum DAO has a built-in treasury system (Implemented as a smart contract); the DAO’s treasury is used to fund the ongoing development and maintenance of the organization and its technology. Token holders can propose and vote on how to use treasury funds.

In other words, although more than 42% of the ARB tokens in the treasury are directly unlocked, it is obvious that this part is an ecological fund, which is used for the development of the Arbitrum ecology, and it is impossible to smash the market.

It is not the first case that the treasury directly unlocks this kind of operation, such as the decentralized custody agreement and digital asset management platformToken distribution of Safe (formerly Gnosis Safe)Among them, 5% (50 million pieces) belonging to the GnosisDAO&SafeDAO joint treasury also has no lock-up period and is fully unlocked directly.

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